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it isn't including the possibility that we develop a tax regimen in this country. but that has to happen and it doesn't include the notion that you and i haven't thought of. a wealthy player that believes in the vision of being a one stop shop for the smaller business companies. the idea that could be considered reasonable. it will be replaced by a smartphone and a tablet that is certainly possible. if you think it is the latter than $11 well, i got to tell you, you should be in dell. this stock isn't going back to $8 and change. but you better wait until it cools down before you buy. as we know, no man's land is a very, very bad place to be. stay with cramer. next straight talk from the keystone state. the moves he is making to keep the state strong. the cud ho report next on cnbc. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 le
it isn't including the possibility that we develop a tax regimen in this country. but that has to happen and it doesn't include the notion that you and i haven't thought of. a wealthy player that believes in the vision of being a one stop shop for the smaller business companies. the idea that could be considered reasonable. it will be replaced by a smartphone and a tablet that is certainly possible. if you think it is the latter than $11 well, i got to tell you, you should be in dell. this...
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Jan 16, 2013
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the end of the payroll tax holiday has to hurt retail doesn't it? and the facebook disappointment. you have this mystery announcement coming. instead we have an announcement of a tool to search information on big social networks. what a bust. yet the market didn't get hammered. there was no rally, and then we got the nap time and the fresh bull came to play into the bell. what is happening here? there have been different times along the way up where we had this same exact phenomenon like we are seeing here today. one at the beginning of the bull run. another occurred in the first three years in the '90s. we had about a half dozen since the new millennium. and every single case, every single one i can recall we get this moment where the market didn't get tired, but the analyst did. many big cap stocks had run up into their price targets. analysts stayed bullish or they actually even raised price and it was a mistake. and i'll tell you, let's use it, an endless target party. 700 goes to 900 and only if there were a two for one stocks split. the analysts were gun shy. not the cheering
the end of the payroll tax holiday has to hurt retail doesn't it? and the facebook disappointment. you have this mystery announcement coming. instead we have an announcement of a tool to search information on big social networks. what a bust. yet the market didn't get hammered. there was no rally, and then we got the nap time and the fresh bull came to play into the bell. what is happening here? there have been different times along the way up where we had this same exact phenomenon like we are...
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Jan 18, 2013
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what have we done on the tax well, we have raised taxes on capital. we haven't cut the corporate income tax. we haven't done anything on immigration, we have added more regulation. if you want to add an expensive regulation, fine, get rid of one. we have not been thinking of the regulation or tax or spending on growth. listen, given how big the debt is, according to ken rogueoff we are past the red zone where the amount of debt we have is slowing growth. we need to deal with that too. >> we just put $1.3 trillion on. that came out today. small business, the backbone of the economy, they got a big tax hike. i think that's the most regrettable. instead of paying 40% plus 3.8% obama care, i don't think the small business should pay more than 25%. i don't think the large business should pay more than 25%. those are both anti-growth measures from president obama. >> well, we should have free lunches too, larry. look, someone has to pay for government and the reality is you were talking about the past when we had more rapid growth. we did have more rapid gr
what have we done on the tax well, we have raised taxes on capital. we haven't cut the corporate income tax. we haven't done anything on immigration, we have added more regulation. if you want to add an expensive regulation, fine, get rid of one. we have not been thinking of the regulation or tax or spending on growth. listen, given how big the debt is, according to ken rogueoff we are past the red zone where the amount of debt we have is slowing growth. we need to deal with that too. >>...
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Jan 17, 2013
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rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jelly sandwiches rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, double where we were not that long ago, and the analysts were determined to tell you housing is about to go all tepid, numbers don't fit into the scenario, not a negative one and that's the story of the market right now bullish backs getting in the way of the bearish story. now, i will tell you on any given day, we're capable of a serious swoon and we are due for one. holy cow. maybe dow and intel not so hot tonight can cause one sell, sell, sell. this feels like a moment like the mid 1980s where the bulls areaa lay boeing. it seems like when i was a young, curly haired kid. i want to see the amazing con colombia ra glomerate. one of those rare things, when you can get an audience with an investment titan. he heard i had a hot hand. he wanted to know what i was thin
rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jelly sandwiches rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, double where we were not that long ago, and the analysts were determined to tell you housing is about to go all tepid, numbers don't fit into the scenario, not a negative one and that's the story of the market right...
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Jan 15, 2013
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when we pay our gasoline tax, we spend that money to the federal government. they skim off management fee and then they dole it out all over again to things like a museum dedicated to the packer, a movie about movies about the road for alaska, things like that. airport money, we spend all of this, there's a tax in all of our tickets, and yet all that money goes into a big pile and the vast majority of it does not go to the biggest airports in the country. it goes to the ones that are the most politically connected. you really have to disengage congress and get more private money going directly where they can actually make a profit and you'll get more infrastructure. >> yeah, but donna, i mean, president obama signed the recovery act and spend billions on infrastructure project. did we get our money's worth? what did that money goes toward? >> well, first let me say, we do need some more money. yes, some airports can be built privately, and there's no question we're spending the money in the wrong places, but even if we took all the money going to highways, lik
when we pay our gasoline tax, we spend that money to the federal government. they skim off management fee and then they dole it out all over again to things like a museum dedicated to the packer, a movie about movies about the road for alaska, things like that. airport money, we spend all of this, there's a tax in all of our tickets, and yet all that money goes into a big pile and the vast majority of it does not go to the biggest airports in the country. it goes to the ones that are the most...
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Jan 17, 2013
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obama demands the wealthy pay their fair share of taxes. but, he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids, and gun free zones for ours. >> all right. the white house called the ad repugnant and cowardly. i think they are right. can i say something about this partisan back and forth. we have just come out of a heinous mass murder atrocity which is of course a complete national tragedy. all right. is it possible, just once that the republicans and the nra and democrats and the president can stop this cheap unseemly squabbling just once? may we have a civilized conversation about what this nation can do to avoid another horrible sandy hook? all i want, all i want is a civil conversation. there's a lot of very complex pieces here and they need the best minds to figure this out. i just want the squabbling to stop. this is worst than the fiscal squabbling and the debt ceiling. you know why? the stakes are higher. we're talking human lives. those little baby angels. let's try in their me
obama demands the wealthy pay their fair share of taxes. but, he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids, and gun free zones for ours. >> all right. the white house called the ad repugnant and cowardly. i think they are right. can i say something about this partisan back and forth. we have just come out of a heinous mass murder atrocity which is of course a complete national tragedy. all right. is it possible, just once that...
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Jan 14, 2013
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under new rules, foreigners buying property will have to pay a new tax and there is a tax on those who speculation on industrial properties. seng wun, some people are pointing to what is happening with japan as inciting more capital inflows into places like singapore. do you expect more measures in response? >> i think the policymakers here in singapore, we have seen the hong kong government trying to attempt with limited success to hold on property prices here. we have seen inflows. if you look at the last few weeks, we are very strong close into the equity market and given that this region is still set to be likely to lead growth in the coming over 12 months or so itself, that's likely a gain to bring more money. unless, of course, we see a strong turn around in growth in europe and the u.s., but from the medium term itself, when you've got growth and you've got employment opportunity, you've got income growth and environment of very low interest rate is headache to policymaker in which i think the government here continue to have to fine tunemakers every now and then essentially bec
under new rules, foreigners buying property will have to pay a new tax and there is a tax on those who speculation on industrial properties. seng wun, some people are pointing to what is happening with japan as inciting more capital inflows into places like singapore. do you expect more measures in response? >> i think the policymakers here in singapore, we have seen the hong kong government trying to attempt with limited success to hold on property prices here. we have seen inflows. if...
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Jan 14, 2013
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reform by closing loopholes in our tax reform for the wealthiest americans. if we combine a balanced package of saving through -- we can solve the deficit issues without sacrificing things like our investments in education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision about the approach they prefer. they don't think it's fair for example to ask a senior to pay more for his or her health care or for a scientist to shut down ground breaking research so that a multimillionaire can pay less taxes than a secretary. they don't think it's smart to close endless loopholes for wealthy americans rather than invest in our roads and to help manufacturers bring jobs back to america. they want us to bring our books in order no a balanced way where everybody pulls their weight and everybody does their part. that's what i want as well. that pie that's what i've proposed. and we can get it done, but we're going to have to make sure that people are looking at
reform by closing loopholes in our tax reform for the wealthiest americans. if we combine a balanced package of saving through -- we can solve the deficit issues without sacrificing things like our investments in education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision about the approach they prefer. they don't think it's fair for example to ask a senior to pay more for his or...
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Jan 16, 2013
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obama demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and
obama demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and
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sales tax, correct? >> well, it's not quite. progressive is important to me, i don't want people to pay taxes if they have $20,000 a year worth of income. but at 30,000, i might like for people to pay $1. just $1. so they have a legitimate claim for saying, i'm part of the society, and i don't pay a lot, but i do pay something. everybody participates, and there's no game playing, it's a very efficient way to raise revenue. right now, it costs us $431 billion a year to administer the tax system we have, and the tax gap, the money we're not collecting that's theoretically owed is $400 billion a year. we could do better than that, we can think better than that. and the president needs to lay that out for us. >> even if we get more growth, we're still finding it difficult to get unemployment down. elaine cho served as george w. bush's secretary of labor. what would you do to create more jobs in america? >> i think you have to keep the tax rate low, they're a direct burden on the resources of the employer. th
sales tax, correct? >> well, it's not quite. progressive is important to me, i don't want people to pay taxes if they have $20,000 a year worth of income. but at 30,000, i might like for people to pay $1. just $1. so they have a legitimate claim for saying, i'm part of the society, and i don't pay a lot, but i do pay something. everybody participates, and there's no game playing, it's a very efficient way to raise revenue. right now, it costs us $431 billion a year to administer the tax...
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Jan 14, 2013
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b, they pay their back taxes. and c, they pay a small penalty for having broken the law in the first place. >> but let me push you on that because if you don't provide a path to citizenship -- >> i don't think you have to say that they can become citizens. this -- that part of my four-point program's going to be a attacked voluntary sis rously by people on the republican side. but it's not amnesty. they have a path to citizenship. they do the way every other immigrant does to become an american citizen. >> what would you say to the republicans who will say, look, they should be deported? >> yes. >> they should never have a path -- >> and you think what you say to them, look what your position got us in this last election. we need to pay attention to demographics. okay? i said we need to be the party of hope and opportunity. not the party of anger and resentment. >> illegal immigration is just one problem with our current system says michael bloomberg, the mayor of new york city and one of america's most successful
b, they pay their back taxes. and c, they pay a small penalty for having broken the law in the first place. >> but let me push you on that because if you don't provide a path to citizenship -- >> i don't think you have to say that they can become citizens. this -- that part of my four-point program's going to be a attacked voluntary sis rously by people on the republican side. but it's not amnesty. they have a path to citizenship. they do the way every other immigrant does to become...
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Jan 20, 2013
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tax code. >> i do. >> why? >> because it's inefficient, it's ineffective, and its fundamentally unfair. so i believe this -- revenue systems should be used to raise money. it shouldn't be organized to distribute benefits. >> so no tax deductions. >> no deductions, no credits, no nothing. it's to raise revenue. and ideally we should do it with a progressive value-added tax. that means -- >> that's a national sales tax, correct? >> well, it's not quite because progressive is important to me. i don't want people to pay taxes if they have $20,000 a year worth of income, but at $30,000, i'd like people to pay 1 dollar, just $1.00 so they have a legitimate claim for saying i'm part of the society and i don't pay a lot but i pay something. everybody participates. there's no game playing. it's a very efficient way to pay taxes. right now it costs over $31 million a year to administer it. the tax gap that we theoretically owe is $41 billion a year. we can do better than that. we can think better than that. and the presi
tax code. >> i do. >> why? >> because it's inefficient, it's ineffective, and its fundamentally unfair. so i believe this -- revenue systems should be used to raise money. it shouldn't be organized to distribute benefits. >> so no tax deductions. >> no deductions, no credits, no nothing. it's to raise revenue. and ideally we should do it with a progressive value-added tax. that means -- >> that's a national sales tax, correct? >> well, it's not quite...
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he had won an election over the tax issue and the republicans lost over the tax issue. they're pushing that so far off the table that i don't even hear them talking about tax reform anymore. the president is making a gamble here, that the public will see the republicans as irresponsible and absurd, as he called them, that you can't let the united states of america default, that's not who we are, and that the american public will be embarrassed by this fight. the republicans are making the calculation, you know what, the public is going to be on our side, because we have to get on a path of fiscal sustainability over the long term so they're going to be with us, they're going to want spending cuts. >> we've been measuring the political pressure on the speaker as it builds, it seems, to a big climax here. how much pressure is he in right now? >> huge amount of pressure. don't forget, he didn't have a great time in the fiscal cliff fight. he couldn't bring a majority of his own caucus to vote for that final proposal. this time, his own caucus has put him on notice. a, don'
he had won an election over the tax issue and the republicans lost over the tax issue. they're pushing that so far off the table that i don't even hear them talking about tax reform anymore. the president is making a gamble here, that the public will see the republicans as irresponsible and absurd, as he called them, that you can't let the united states of america default, that's not who we are, and that the american public will be embarrassed by this fight. the republicans are making the...
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Jan 14, 2013
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what i said was we weren't going to extend bush tax cuts for the wealthy. and we didn't. >> joining me now, john king, john king, welcome, welcome. help me understand what exactly the president is saying. is he saying he absolutely will not negotiate with congress when it comes to the debt ceiling? and to point out, i had ben stein on, an economist. he said, brooke, saying not negotiating is a negotiating tact tactic. >> ben is correct in that regard. what the president is saying, he's not going to repeat two years ago. he did get involved in detailed negotiations and the president, in that same news conference, said if the republicans feel they have to have some package of spending cuts to go with raising the debt ceiling, then let them put their own plan together and see if they can get the votes in congress. he's not going to help them. he said he was not going to let the republicans put a gun to the head of the american people, or he was not going to let them attach a ransom. the president used tough language today and part of what he was saying is i wo
what i said was we weren't going to extend bush tax cuts for the wealthy. and we didn't. >> joining me now, john king, john king, welcome, welcome. help me understand what exactly the president is saying. is he saying he absolutely will not negotiate with congress when it comes to the debt ceiling? and to point out, i had ben stein on, an economist. he said, brooke, saying not negotiating is a negotiating tact tactic. >> ben is correct in that regard. what the president is saying,...
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interview with david gregory, i talked about health care for the nation, climate change, redistributive tax policies -- these are things that republicans oppose on principle, and he did that, though, which makes it worse, in a conversation, and there was a subtle link to this issue of race. it makes republicans look like they don't oppose president obama for all these principle or policy reasons that were just brought up, but rather because he's black, and that's what is really, really disturbing and destructive, that we have a serious disagreement with policy and principles, not because of who the president is or what his race is. >> l.z., response? >> you see what i mean, carol? that's a perfect example of what i talked about earlier. there are racist facets of republican party. when you look at comments made by republican john sununu, how could you not see the hint of racism in his voice when he talks about the president? are there disagreement when's it comes to policy? absolutely. let's remember the republican party actually was the party that gave us the epa. the republican party gave
interview with david gregory, i talked about health care for the nation, climate change, redistributive tax policies -- these are things that republicans oppose on principle, and he did that, though, which makes it worse, in a conversation, and there was a subtle link to this issue of race. it makes republicans look like they don't oppose president obama for all these principle or policy reasons that were just brought up, but rather because he's black, and that's what is really, really...
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. >>> a northern california man facing a $14,000 property tax bill, paid his tab in rolls of coin. stacks of dollar bills. larry casper said he tried to pay half his bill weeks ago but the county would only accept payment in full. so he asked family to empty out their piggie banks. every year at this time, this becomes the park city, utah sundance film festival. sundance traditionally a mecca for independent films. some 50,000 people expected to descend on the town over the next ten days. next week you guys are traveling to sundance, right? >> i'm heading to sundance. i'll be part of those 50,000 people. it's my first time at sundance. >> you are so fabulous, aren't you? >> yes, yes, i'm trying to figure out what to wear. if you have advice, let me know. >> you'll look glamorous, no doubt. >> gloves and boots. >> i'm hearing it's rather cold. >>> it is now 18 minutes after the hour, time to get an early read on your news making national headlines this from the new york daily news as it revisits the story of katie beers. 20 years as a girl she was kidnapped and held for two weeks in
. >>> a northern california man facing a $14,000 property tax bill, paid his tab in rolls of coin. stacks of dollar bills. larry casper said he tried to pay half his bill weeks ago but the county would only accept payment in full. so he asked family to empty out their piggie banks. every year at this time, this becomes the park city, utah sundance film festival. sundance traditionally a mecca for independent films. some 50,000 people expected to descend on the town over the next ten...
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Jan 15, 2013
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. >> asking barack obama not to be a big-spending, high-taxing liberal is a denial of everything that we've learned about him in his career. it's much better for the house republicans to say, this is what we're prepared to do. there are dozens of places you can dramatically change spending without having to get involved in a general crisis over the u.s. debt. >> does he have a point? do you think this is a message from the former speaker that's worth heeding? >> well, we definitely want to work with president obama, and we're at the beginning of the 113th congress. i would also say that this is our moment, though. the american people know that our economy is struggling right now, partly because of the debt that is impacting american families, hard-working taxpayers all across this country. when president obama was in the senate, when he was a u.s. senator, he voted against raising the debt ceiling. and he said it was a lack of leadership that had brought us to this point. and so i would, at the beginning of this congress, hope that the president would make this a new start, where we c
. >> asking barack obama not to be a big-spending, high-taxing liberal is a denial of everything that we've learned about him in his career. it's much better for the house republicans to say, this is what we're prepared to do. there are dozens of places you can dramatically change spending without having to get involved in a general crisis over the u.s. debt. >> does he have a point? do you think this is a message from the former speaker that's worth heeding? >> well, we...
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Jan 16, 2013
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obama demands the wealthy pay their fair share of taxes but he's an elitist hip prypocr. protection for their kids and gun-free zones for ours. >> that's the ad. it's getting a lot of mileage out there on social media but a lot of people -- why bring the daughters, sasha and malia into this? >> it's not them specifically. >> you mention them specifically. >> we don't mention them specifically. we mention his kids and other kids. they are attending schools that have private security guards. we're not talking about the secret service. david gregory's kids go there, too. send their kids to schools where they have protection and then poo-poo the idea that the average american's children should have the same sort of protection. >> the white house press secretary jay carney, among other people, were very disappointed. they say, most americans agree that a president's children should not be used as pawns in a political fight but to go so far as to make the safety of the president's children the subject of an attacked a is pungent. >> they know the point. the elitist kids safety
obama demands the wealthy pay their fair share of taxes but he's an elitist hip prypocr. protection for their kids and gun-free zones for ours. >> that's the ad. it's getting a lot of mileage out there on social media but a lot of people -- why bring the daughters, sasha and malia into this? >> it's not them specifically. >> you mention them specifically. >> we don't mention them specifically. we mention his kids and other kids. they are attending schools that have...
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Jan 14, 2013
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the weapons you're talking about that require the tax stamp and special permit, those are fully automatic weapons. there are very few of those. in order to get them, you have to go through a number of troops to get it. the difference is, one semi- automatic. the other is fully automatic. >> the semiautomatics is not an assault rifle. >> the assault weapons that are banned in california, there is a definition of those. it is a rival that can take out detachable magazine and has one of the following characteristics. it is defined in law. it is i semi-automatic. the other weapons you're talking about are fully automatic and does fall under the firearms act. >> could we please have joan davis? >> i'd like to thank mike thompson for having this hearing. i am the president of eagle forum. eagle forum has always stood for protection of property rights as well as protection of personhood. i would like to remind you how important it is to learn from history. my husband was born in germany during the second world war. his father was from switzerland. i would like to let you know the difference betw
the weapons you're talking about that require the tax stamp and special permit, those are fully automatic weapons. there are very few of those. in order to get them, you have to go through a number of troops to get it. the difference is, one semi- automatic. the other is fully automatic. >> the semiautomatics is not an assault rifle. >> the assault weapons that are banned in california, there is a definition of those. it is a rival that can take out detachable magazine and has one...
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Jan 17, 2013
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the way to do that is through a fair, flat tax. host: we are not really talking about that this morning. we are talking about the gun proposals specifically. what kind of gun do you have? caller: i have more than one because i am a hunter. i enjoy hunting. again, back to what we were saying before. that is about all i want to say about it. i think mr. obama and the congress both do not have a clue about what is going on out here in the real world. host: adalfo, what are your thoughts? caller: when i went to high school there was a police presence at all times. the sheriffs are the -- in charge of the campus. in regards to the president's comments, i think there are far reaching and might be unconstitutional. i helped john boehner and mitch mcconnell work hard to prevent him -- i hope john boehner and mitch mcconnell work hard to prevent him from doing whatever he wants. he cannot do what ever he wants. i think they should work together. it was a sad thing what happened on the east coast. that does not go to the root of the problem.
the way to do that is through a fair, flat tax. host: we are not really talking about that this morning. we are talking about the gun proposals specifically. what kind of gun do you have? caller: i have more than one because i am a hunter. i enjoy hunting. again, back to what we were saying before. that is about all i want to say about it. i think mr. obama and the congress both do not have a clue about what is going on out here in the real world. host: adalfo, what are your thoughts? caller:...
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Jan 13, 2013
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the weapons you're talking about that require the tax stamp and special permit, those are fully automatic weapons. there are very few of those. in order to get them, you have to go through a number of troops to get it. the difference is, one semi- automatic. the other is fully automatic. >> the semiautomatics is not an assault rifle. >> the assault weapons that are banned in california, there is a definition of those. it is a rival that can take out detachable magazine and has one of the following characteristics. it is defined in law. it is i semi-automatic. the other weapons you're talking about are fully automatic and does fall under the firearms act. >> could we please have john ?avijoan davis >> : like to think mike thompson for having this hearing. i am the president of eagle forum. eagle forum has always stood for protection of property rights as well as protection of personhood. i would like to remind you how important it is to learn from history. my husband was born in germany during the second world war. his father was from switzerland. i would like to let you know the differenc
the weapons you're talking about that require the tax stamp and special permit, those are fully automatic weapons. there are very few of those. in order to get them, you have to go through a number of troops to get it. the difference is, one semi- automatic. the other is fully automatic. >> the semiautomatics is not an assault rifle. >> the assault weapons that are banned in california, there is a definition of those. it is a rival that can take out detachable magazine and has one...
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he cut taxes, but he also continued to spend. if you spend without cutting taxes, you are delaying when the taxation takes place. he was not really cutting taxes. he was doing it in a sneaky way rather than a nice way. he was a militant person. he wanted paltry conservative moral values to the respected by government but be imposed in certain ways as well. he used a lot of liberty-based talk. that does not mean he walk that walk. >> what about the assertion the professors look down their nose at libertarians? >> yes, that tends to be the case. i do not think that is such a bad thing. that is something -- that is how people are in general. most people have the following view -- my view is reasonable and other people are either stupid or mean if they disagree with me. stupid or selfish. that is the only reason anyone would disagree with me. that is true of your typical professional who is a left liberal. if they are not left liberal, they are hardcore left. >> why are most professors liberal or liberal left? >> i am not sure. peopl
he cut taxes, but he also continued to spend. if you spend without cutting taxes, you are delaying when the taxation takes place. he was not really cutting taxes. he was doing it in a sneaky way rather than a nice way. he was a militant person. he wanted paltry conservative moral values to the respected by government but be imposed in certain ways as well. he used a lot of liberty-based talk. that does not mean he walk that walk. >> what about the assertion the professors look down their...
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raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that what our government do whatever they wanted. guest: not enough people are calling their representatives and senators about the debt ceiling and the way we've handled the last 12 months. what you have to do is call your congressman or senator. someone will answer and be polite to you. you have to insist to get the message through. elections have consequences. the division right now is very extreme. are we being played? politicians will wait until the last second until they do what is the right thing. i expect to happen this time is we will get around that during 26th or 27th
raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that...
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Jan 15, 2013
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what i said was we weren't going to extend bush tax cuts for the wealthy -- and we didn't. now, you can argue that during the campaign i said -- i set the criteria for wealthy at $250,000 and we ended up being at $400,000. but the fact of the matter is millionaires, billionaires are paying significantly more in taxes, just as i said. so from the start, my concern was making sure that we had a tax code that was fair and that protected the middle class, and my biggest priority was making sure that middle-class taxes did not go up. the difference between this year and 2011 is the fact that we've already made $1.2 trillion in cuts. and at the time, i indicated that there were cuts that we could sensibly make that would not damage our economy, would not impede growth. i said at the time i think we should pair it up with revenue in order to have an overall balanced package. but my own budget reflected cuts in discretionary spending. my own budget reflected the cuts that needed to be made, and we've made those cuts. now, the challenge going forward is that we've now made some big
what i said was we weren't going to extend bush tax cuts for the wealthy -- and we didn't. now, you can argue that during the campaign i said -- i set the criteria for wealthy at $250,000 and we ended up being at $400,000. but the fact of the matter is millionaires, billionaires are paying significantly more in taxes, just as i said. so from the start, my concern was making sure that we had a tax code that was fair and that protected the middle class, and my biggest priority was making sure...
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Jan 14, 2013
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raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that what our government do whatever they wanted. guest: not enough people are calling their representatives and senators about the debt ceiling and the way we've handled the last 12 months. what you have to do is call your congressman or senator. someone will answer and be polite to you. you have to insist to get the message through. elections have consequences. the division right now is very extreme. are we being played? politicians will wait until the last second until they do what is the right thing. i expect to happen this time is we will get around that during 26th or 27th
raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that...
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Jan 16, 2013
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the president ran on raising taxes on the upper class. he raised taxes on 77% of us. where are the spending cuts? guest: the president laid out in his press conference there have been $1.5 trillion in terms of spending cuts and caps on appropriation bills. those caps have been adhered to. it is a myth we have not had spending cuts. are we going to hit health care? i feel deeply in terms of research. a quick story. my wife ran a group at nih. when she started, there would have for peer review 100 applications. maybe 50 of them were topflight and there were reviewed by peer review. out of that they might pick 25 that should be funded. in those days, there was enough money of the top caliber to fund may be 10, 15. wo, or it is one, tow, o three of the original 100. there is not adequate funding for our health. are we going to further cut funding for nih for health research in this country? we need to retrain americans so they can qualify for every kind of job. we have a trainee deficit in this country. we need to do a better job. are we going to hurt that effort? that is
the president ran on raising taxes on the upper class. he raised taxes on 77% of us. where are the spending cuts? guest: the president laid out in his press conference there have been $1.5 trillion in terms of spending cuts and caps on appropriation bills. those caps have been adhered to. it is a myth we have not had spending cuts. are we going to hit health care? i feel deeply in terms of research. a quick story. my wife ran a group at nih. when she started, there would have for peer review...
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Jan 13, 2013
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i think taxing bullets and the high-capacity magazines makes sense. we need to set our priorities. we do not have the right to own rocket launchers and hand grenades. this is the case where we need to have lost to present ourselves -- 3 prevent ourselves from our own recklessness. >> thank you. what is wrong with our judicial system that it is broken. if no one can see that the need to open your eyes a little wider. people are not responsible. we all understand something has to be wrong these people to shoot 20 innocent children. we understand that is a mental health issue. law-abiding citizens are not the problem. we have too many laws. no one understands them. stop doing some of this stuff that people can say i had a rough childhood. let's put them in places where nothing happens to them. if you enforce the laws that are currently in place, maybe some of these people will think twice before they take a gun to another human being. if they cannot respect human life, there is a real problem. those are some of the issues. those need to be taken care of. officers have to go out and wi
i think taxing bullets and the high-capacity magazines makes sense. we need to set our priorities. we do not have the right to own rocket launchers and hand grenades. this is the case where we need to have lost to present ourselves -- 3 prevent ourselves from our own recklessness. >> thank you. what is wrong with our judicial system that it is broken. if no one can see that the need to open your eyes a little wider. people are not responsible. we all understand something has to be wrong...
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Jan 15, 2013
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tax credits to companies. they want all of these tax revenues, subsidies, everything. they should have to promise that if they build in this township, county, state, that they should stay for x number of years and if not pay a penalty. they deliver their prompt out and then they move overseas. -- they deliver their product. host: on twitter. more on open phones this morning. bakersfield, calif., democratic caller. caller: i just want to comment on the social security. the congressmen, senators, all of these talking about cutting entitlements the social security and i'm 85 years old. i started paying in when i was 15 years old working on the power line in west virginia. that is my home state. it is so corrupt, social security. they need to get these doctors and lawyers off and encourage people to go one social security and disability. host: on twitter. james in new york, republican. caller: hello. presently i'm still waiting for insurance, which i pay a premium on, from 7sandy. fema is out of money and i think they will vote this morning to do ad to the people who'd pre
tax credits to companies. they want all of these tax revenues, subsidies, everything. they should have to promise that if they build in this township, county, state, that they should stay for x number of years and if not pay a penalty. they deliver their prompt out and then they move overseas. -- they deliver their product. host: on twitter. more on open phones this morning. bakersfield, calif., democratic caller. caller: i just want to comment on the social security. the congressmen, senators,...
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Jan 15, 2013
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i've also said that we need more revenue through tax reform by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they don't think it's fair, for example, to ask a senior to pay more for his or her health care, or a scientist to shut down lifesaving research so that a multimillionaire investor can pay less in tax rates than a secretary. they don't think it's smart to protect endless corporate loopholes and tax breaks for the wealthiest americans rather than rebuild our roads and our schools, invest in our workers' skills, or help manufacturers bring jobs back to america. so they want us to get our books in order in a balanced way, where everybody pulls their weight, everyone
i've also said that we need more revenue through tax reform by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision...
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Jan 16, 2013
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and that is taxes. we have had that fight and he has won and he got his tax increase and that will raise between $60 billion and $70 billion. but the last deficit was $1.1 trillion. mr. president, what about the other $1 trillion now? what do we do now? we have a 6% solution. it's a great start, if you like raising taxes. but it doesn't address the problems at all. my father was an air force pilot. he was a pilot during world war ii. i had the great honor of serving for 14 years as an air force pilot as well and if there's one thing i learned from my father and those brave women and men that i served with, it is courage. always to have courage. that is what we need now. that is the only thing that can save us. mr. president, members of this body, let us have the courage to do the right thing, even if that thing proves to be hard. our debt is unsustainable. we talk about saving our nation for our children or our grandchildren, we don't have that long. let us take this step -- the steps to restore financi
and that is taxes. we have had that fight and he has won and he got his tax increase and that will raise between $60 billion and $70 billion. but the last deficit was $1.1 trillion. mr. president, what about the other $1 trillion now? what do we do now? we have a 6% solution. it's a great start, if you like raising taxes. but it doesn't address the problems at all. my father was an air force pilot. he was a pilot during world war ii. i had the great honor of serving for 14 years as an air force...
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Jan 19, 2013
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but great as our tax burden is, it has not kept pace with public spending. for decades we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. to continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals. you and i, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. why, then, should we think that collectively, as a nation, we're not bound by that same limitation? we must act today in order to preserve tomorrow. and let there be no misunderstanding -- we are going to begin to act, beginning today. [applause] the economic ills we suffer have come upon us over several decades. they will not go away in days, weeks, or months, but they will go away. they will go away because we as americans have the capacity now, as we've had in the past, to do whatever needs to be done to preserve this last and greatest bastion of freedom. in this present crisis, government is not the solution to our problem, gover
but great as our tax burden is, it has not kept pace with public spending. for decades we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. to continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals. you and i, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. why, then, should we think that collectively, as a nation, we're...
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Jan 21, 2013
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but also comprehensive tax reform, the elimination of an entire class of nuclear weapons. reagan and his first term had spoken about the evil empire. one thing led to another. there had been no discernible progress. i do not think many people on january 20, 1981 would have anticipated ronald reagan's greatest historical accomplishment would be significant arms control. not just slowing the rate of increase in nuclear arms, but actually doing away with the whole class in what became known as the inf treaty. host: a speech in june of 1987 in berlin. [video clip] >> we welcome change and openness. we believe that freedom and security go together. the advance of human liberty, the advance of human liberty can only strengthen the cause of world peace. there is one sign that the soviets can make that would beunmistakable, that would advance dramatically the cause of freedom and peace. general secretary gorbachev, if you seek peace, if you seek prosperity for the soviet union and eastern europe, come to this gate. mr. gorbachev, open this gate. mr. gorbachev, tear down this wall.
but also comprehensive tax reform, the elimination of an entire class of nuclear weapons. reagan and his first term had spoken about the evil empire. one thing led to another. there had been no discernible progress. i do not think many people on january 20, 1981 would have anticipated ronald reagan's greatest historical accomplishment would be significant arms control. not just slowing the rate of increase in nuclear arms, but actually doing away with the whole class in what became known as the...
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Jan 16, 2013
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or other tax. section 2, the congress shall have power to enforce this article by appropriate legislation. amendment 25 othe constitution. section 1, in case of the removal of the president from office or of his death or resignation, the vice president shall become president. section 2, whenever there is a vacancy in the office of the vice president, the president shall nominate a vice president who shall take office upon confirmation by a majority vote of both houses of congress. section 3, whenever the president transmits to the president pro tempore of the senate and the speaker of the house of representatives his written declaration that he is unable to discharge the powers and duties of his office, and until he transmits to them a written declaration to the contrary, such powers and duties shall be discharged by the vice president as acting president. mr. goodlatte: i yield to the gentleman from maryland, mr. delaney. mr. delaney. section -- mr. delaney: section 4, whenever the vice president
or other tax. section 2, the congress shall have power to enforce this article by appropriate legislation. amendment 25 othe constitution. section 1, in case of the removal of the president from office or of his death or resignation, the vice president shall become president. section 2, whenever there is a vacancy in the office of the vice president, the president shall nominate a vice president who shall take office upon confirmation by a majority vote of both houses of congress. section 3,...
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Jan 16, 2013
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it's don't tax me and don't tax me, tax that fella hind the tree. it's always the lower-end people. in order to make $250,000 a year, which they always keep sticking up, you have to make $5,000 a week. and i don't think i ever made $50,000 in one year. jorge: all right. i'm going to leave it at that point and have the congressman respond. gar: i think the gentleman raises an issue. the middle class of this country has essentially had on average a rather stagnant wage. while the very wealthy, on average, the last years have done very well. i mentioned 2010. over 90% of income gregget went to the top 1% -- growth went to the top 1%. so, we in this country have to make a decision. is it everybody on their own? or everybody must pull their weight but we're still a community? host: on twitter -- guest: i think maybe once. but i have voted for many, many, many times and i never have voted to use it as a weapon. i never have used it essentially saying to this country, we cannot -- we don't have to pay our bills and we can shatter the full faith and credit of the united states. host: coming
it's don't tax me and don't tax me, tax that fella hind the tree. it's always the lower-end people. in order to make $250,000 a year, which they always keep sticking up, you have to make $5,000 a week. and i don't think i ever made $50,000 in one year. jorge: all right. i'm going to leave it at that point and have the congressman respond. gar: i think the gentleman raises an issue. the middle class of this country has essentially had on average a rather stagnant wage. while the very wealthy, on...
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Jan 16, 2013
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, research tax credits, opportunities within the renewable energy area, with production tax credits, all of this being promoted in advance, we need to expand upon those opportunities. because you are right, representative garamendi, it's an investment and requires dollars but those investments provide for lucrative dividends and many more dollars earned than those invested into the progress that we need to strike. . mr. garamendi: i think the tirme that we wrap this all into one piece. i'll take the first shot at it and then if you'd finish it up. i'm thinking of chicago. not my territory. it's a long way from california. beautiful city. very dynamic city. at the turn of the previous century, in the late 1800's, they had an architect, city architect, and he wrote think no small thought for it stirs not the heart of man. very interesting. we ought to add women to that equation now. but what he said is, when we rebuild this city, we need to build big. we need to think bold thoughts. we need to think about the greatness that could exist if we step forward. earlier in the previous hour w
, research tax credits, opportunities within the renewable energy area, with production tax credits, all of this being promoted in advance, we need to expand upon those opportunities. because you are right, representative garamendi, it's an investment and requires dollars but those investments provide for lucrative dividends and many more dollars earned than those invested into the progress that we need to strike. . mr. garamendi: i think the tirme that we wrap this all into one piece. i'll...
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Jan 16, 2013
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i think his approach raising taxes is not the way to grow our economy. nonetheless, he indicated there would be spending cuts. there were not. in fact there were spending increases in that bill. host: fix boxer's original assault gun ban. echoing a recent poll that said 30% of those polled are dissatisfied with gun laws, want to see them strengthened. not specific gun laws but, you know, saying we need to reinstitute the assault weapons ban and fix it. guest: well, the evidence -- again, we are certainly willing to listen to proposals that are offered by the president and his commission and by others, but the original assault weapons ban was not a meaningful law because it did not distinguish between the so-called assault weapon and other types of firearms that fire bullets exactly the same way in which over 100 million americans are owners of these firearms. host: could i stop you there? guest: i think that's the problem with the assault weapons ban. people think it involves machine guns and it does not. host: the new york state, as you know, just passe
i think his approach raising taxes is not the way to grow our economy. nonetheless, he indicated there would be spending cuts. there were not. in fact there were spending increases in that bill. host: fix boxer's original assault gun ban. echoing a recent poll that said 30% of those polled are dissatisfied with gun laws, want to see them strengthened. not specific gun laws but, you know, saying we need to reinstitute the assault weapons ban and fix it. guest: well, the evidence -- again, we are...
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Jan 19, 2013
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if somebody says taxes are too high or taxes are not going to go up, those are often impossible to fact check. we will, however, check things about a claim about someone's plan, so we did a lot of checks during the 2012 campaign on claims that president obama made about mitt romney's plan, and claims that mitt romney made about obama. we also have a search box on our side so you can look things up. if you have an iphone or android, we have a couple of mobile apps that can help you look things up like that. host: speaking of the archives at the c-span video library, let's go to some of the promises president obama made before he was elected to the presidency. this was a debate back on january 31, 2008, talking about health care. >> ted kennedy said he is confident that we will get universal health care, and he has been working on a longer than anybody. but he has gone through 12 of these plans, and each time they have failed. part of the reason i think they have failed as we have not been able to bring democrats, republicans together to get it done. guest: you are correct. but obama was
if somebody says taxes are too high or taxes are not going to go up, those are often impossible to fact check. we will, however, check things about a claim about someone's plan, so we did a lot of checks during the 2012 campaign on claims that president obama made about mitt romney's plan, and claims that mitt romney made about obama. we also have a search box on our side so you can look things up. if you have an iphone or android, we have a couple of mobile apps that can help you look things...
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Jan 13, 2013
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host: another view is that the tax on senator hagel are really a tax on president obama. john is joining us on the democrats' line from pennsylvania. are you with us? caller: i certainly am. my town is located outside of philadelphia. [indiscernible] it is close to philadelphia. thank you for permitting me to speak. thanks for c-span. this issue is fraught with a lot of anxiety. it is an explosive issue. this is bringing the lobby from behind the curtain. mr. clemons is a good spokesman for senator hagel's side. if he says the wrong thing, he could lose his position in the community. it is astonishing to me that people have been so wrong from day one. the people have been wrong. iraq is a disaster with trillions of dollars. afghanistan is a disaster. we do not know what is going on. in syria, the christians are terrified. chuck hagel is reasonable. what did he say that has so destructive -- disrupted it all? he said the jewish lobby intimidate people. to people knowledgeable and aware, this is not an issue. host: this is someone from the republican line. this is slowly an
host: another view is that the tax on senator hagel are really a tax on president obama. john is joining us on the democrats' line from pennsylvania. are you with us? caller: i certainly am. my town is located outside of philadelphia. [indiscernible] it is close to philadelphia. thank you for permitting me to speak. thanks for c-span. this issue is fraught with a lot of anxiety. it is an explosive issue. this is bringing the lobby from behind the curtain. mr. clemons is a good spokesman for...
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Jan 15, 2013
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these three states pay 16% of the taxes of our great country. but they can't produce if their subways are broken, if their schools are flooded, if the hospitals have been evacuated and the money's not there to help them rebuild. they can't produce, they can't be part of the great economic engine of this country. so i just plead with my colleagues not to have a double standard. not to vote tornado relief to alabama, to louisiana, to mississippi, missouri, to -- with ike, gustav, katrina, rita, but when it comes to the northeast, with the second worst storm in the history of our country, to delay, delay, delay. we need the aid, we need it now. we need the entire package. you can't rebuild a subway station with one brick. you have to do the whole thing. thank you. the speaker pro tempore: the gentlelady's time has expired. the gentleman from oklahoma is recognized. mr. cole: thank you, mr. speaker. i yield myself 30 seconds. again, i associate myself very much with the substance of the gentlelady from new york's remarks. there's no question there's
these three states pay 16% of the taxes of our great country. but they can't produce if their subways are broken, if their schools are flooded, if the hospitals have been evacuated and the money's not there to help them rebuild. they can't produce, they can't be part of the great economic engine of this country. so i just plead with my colleagues not to have a double standard. not to vote tornado relief to alabama, to louisiana, to mississippi, missouri, to -- with ike, gustav, katrina, rita,...
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or other tax. section 2, the congress shall have power to enforce this article by appropriate legislation. amendment 25 of the constitution. section 1, in case of the removal of the president from office or of his death or resignation, the vice president shall become president. section 2, whenever there is a vacancy in the office of the vice president, the president shall nominate a vice president who shall take office upon confirmation by a majority vote of both houses of congress. section 3, whenever the president transmits to the president pro tempore of the senate and the speaker of the house of representatives his written declaration that he is unable to discharge the powers and duties of his office, and until he transmits to them a written declaration to the contrary, such powers and duties shall be discharged by the vice president as acting president. mr. goodlatte: i yield to the gentleman from maryland, mr. delaney. mr. delaney. section -- mr. delaney: section 4, whenever the vice presiden
or other tax. section 2, the congress shall have power to enforce this article by appropriate legislation. amendment 25 of the constitution. section 1, in case of the removal of the president from office or of his death or resignation, the vice president shall become president. section 2, whenever there is a vacancy in the office of the vice president, the president shall nominate a vice president who shall take office upon confirmation by a majority vote of both houses of congress. section 3,...
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Jan 17, 2013
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you have to go through all kinds of registration and pay taxes and other things. transfer one of our cars to one of our sons recently, we had to go to the vehicle the coming transfer and whatever the costs. why somebody should be able to go into a gun show and by any kind of a thing without any kind of a background check that you have otherwise, at least not unenforceable one, i cannot understand that. i really can't. i think we should have stricter background checks and they should be real ones. you have restraining orders on you, you should not be able to do that. i am understand every state is different. in vermont, you can carry a loaded and concealed weapon this afternoon. we have one of the lowest crime rates in the country. but not because of that. we are, as a society, we are very law-abiding. but with that stop somebody -- but would that stop somebody who is mentally unhinged from going out and using a gun or a knife and killing people? no. i am interested in the meeting this morning to hear the proposals and they will be considered in the judiciary commi
you have to go through all kinds of registration and pay taxes and other things. transfer one of our cars to one of our sons recently, we had to go to the vehicle the coming transfer and whatever the costs. why somebody should be able to go into a gun show and by any kind of a thing without any kind of a background check that you have otherwise, at least not unenforceable one, i cannot understand that. i really can't. i think we should have stricter background checks and they should be real...
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Jan 21, 2013
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some taxed religious property. others banned given groups' practices. i'm thinking, for example, eventually various states in the southwest banning polygamy, for example. >> host: so when it came to massachusetts, talk about massachusetts or pennsylvania. of we're here in pennsylvania, as a case study of states regulating religion. >> guest: sure. pennsylvania, for example, had an active blasphemy law which we would nowty of as -- now think of of as starkly unconstitutional. and the last case, um, that was brought, the last criminal prosecution under blasphemy law was actually brought in the early 1970s kind of by accident against someone who had a sign in his window saying something like "wanted: radical carpenter speaks to crowds preaching peace." and, on, this person meant jesus, but someone walking past thought it blasphemous and complained. the american civil liberties union got involved pretty quickly, and the prosecution was dropped. more recently, the, a film company own or tried to name -- owner tried to name his company i choose hell productio
some taxed religious property. others banned given groups' practices. i'm thinking, for example, eventually various states in the southwest banning polygamy, for example. >> host: so when it came to massachusetts, talk about massachusetts or pennsylvania. of we're here in pennsylvania, as a case study of states regulating religion. >> guest: sure. pennsylvania, for example, had an active blasphemy law which we would nowty of as -- now think of of as starkly unconstitutional. and the...
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Jan 14, 2013
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tax that is collected? thank you. >> guest: i do not. there is a small portion that still remains over the treasury department, but we believe that the money goes to treasury. atf is still very small, very small portion of the work is involved. >> some stats from the website on fiscal 2011 numbers. they recommended defendant's for prosecution in alcohol and tobacco cases about 213 recommended for prosecution. they seized approximately 42 million in the criminal contraband and alcohol and tobacco products moving across states. let's go back to the phone. mike in houston texas on the independent line. good morning, mike. >> caller: good morning. i had the fortune of mary in a very wise woman so in a way i am the luckiest man in the world, but my wife pointed out no one had a concealed or carried permit has committed a rampage shooting so wouldn't more conceal and carry permits held this problem that we are trying to solve? especially when. no woman has done a mass shooting that i am aware of. >> host: we're t
tax that is collected? thank you. >> guest: i do not. there is a small portion that still remains over the treasury department, but we believe that the money goes to treasury. atf is still very small, very small portion of the work is involved. >> some stats from the website on fiscal 2011 numbers. they recommended defendant's for prosecution in alcohol and tobacco cases about 213 recommended for prosecution. they seized approximately 42 million in the criminal contraband and...
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Jan 18, 2013
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on the income tax and less reliance the sales tax. [applause] in my budget -- in my budget, i propose to cut the sales tax in the current rate of 6.25% to 4.5% and dedicate all the proceeds to public works fund. that fund will support the transportation plan i have laid out for both existing responsibilities and the necessary and should project as well as the school building fund and other public infrastructure. under my plan, sales tax proceeds would be off-limits for any other purpose to support her education initiatives, my budget will propose that we increase income tax by one percentage point, 6.25% to make that increase fair to all according to their ability to pay will propose that we double the personal exemptions for every taxpayer and eliminate a number of itemized deductions. making those changes gives us a tax code that is sent. fair. let me add that these changes are sales income and business tax will be comparable to an competitive with other states in the region and beyond with which we compete. this is what i will prop
on the income tax and less reliance the sales tax. [applause] in my budget -- in my budget, i propose to cut the sales tax in the current rate of 6.25% to 4.5% and dedicate all the proceeds to public works fund. that fund will support the transportation plan i have laid out for both existing responsibilities and the necessary and should project as well as the school building fund and other public infrastructure. under my plan, sales tax proceeds would be off-limits for any other purpose to...
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Jan 13, 2013
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i'm not saying that there should be construction or a war tax or anything, but it's not sustainable the way it is right now. one general in the book, who preferred to go on background, didn't use his name, said he hoped that my book would at least help some people understand why we shouldn't go to war so quickly. what it is that is being sacrificed. because he compared this -- this general, you'd know if i told you -- he felt like he were like the romans, hiring legionaires to fight our wars. completely separated. reporting on the wars, not having served, is not a problem because most of what i report on is not groups that i belong to. writing this book has helped me have a greater understanding and not just the differences between a first sergeant and a staff sergeant, or sergeant first class, but also just what it's like to be a soldier. i will never truly understand that but i have a much greater understanding of it. i do think that when our nation goes to war, i think the policymakers do so glibbly but all the debate is glib. flippant, and there's no resemblance to the reality of th
i'm not saying that there should be construction or a war tax or anything, but it's not sustainable the way it is right now. one general in the book, who preferred to go on background, didn't use his name, said he hoped that my book would at least help some people understand why we shouldn't go to war so quickly. what it is that is being sacrificed. because he compared this -- this general, you'd know if i told you -- he felt like he were like the romans, hiring legionaires to fight our wars....